The US economy added 280,000 jobs in May, the US Labor Department has said. The increase was more than analysts had expected and the biggest this year and was described as encouraging.
Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said today.
Euro zone unemployment has risen to its highest level since before the Euro was introduced, according to data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kick start Europe's floundering economy.
Spain’s unemployment total has passed the five million mark, with the jobless rate shooting up from 21.5% to 22.8%, which represents something like one out of four workers don’t have a job.
German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.
Unemployment rates remain stubbornly high in the world's most advanced economies according to data released Tuesday by the Organization for Economic Cooperation and Development.
The number of people filing for unemployment benefits in Spain shot up by nearly 100,000 in September, a surprisingly big increase even in a month that tends to be bad for workers as vacation season contracts expires.
The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labour market, data showed Thursday.
White House said on Friday the US unemployment rate was unacceptably high while trying to put a brave face on a report that showed employers hired far fewer workers than expected in May.
Over 100 people were injured on Friday when police forcibly evicted protesters who have been camped out for two weeks in the main square of Barcelona as part of a nationwide mobilization against youth unemployment, austerity, corruption and the country’s political class